IPG Investment Advisors LLC Decreases Stock Holdings in CEMEX, S.A.B. de C.V. (NYSE:CX)

IPG Investment Advisors LLC lowered its stake in CEMEX, S.A.B. de C.V. (NYSE:CXFree Report) by 9.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,871,501 shares of the construction company’s stock after selling 190,257 shares during the period. CEMEX accounts for 2.9% of IPG Investment Advisors LLC’s portfolio, making the stock its 7th largest position. IPG Investment Advisors LLC owned 0.13% of CEMEX worth $14,504,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of the stock. Parallel Advisors LLC lifted its position in CEMEX by 11.5% during the 4th quarter. Parallel Advisors LLC now owns 14,006 shares of the construction company’s stock valued at $109,000 after purchasing an additional 1,443 shares during the period. Chesapeake Capital Corp IL acquired a new position in CEMEX in the fourth quarter valued at approximately $368,000. Team Hewins LLC bought a new position in CEMEX in the fourth quarter valued at approximately $366,000. Dynamic Technology Lab Private Ltd grew its holdings in CEMEX by 197.2% during the 4th quarter. Dynamic Technology Lab Private Ltd now owns 129,495 shares of the construction company’s stock worth $1,004,000 after acquiring an additional 85,927 shares during the period. Finally, Navellier & Associates Inc. raised its position in shares of CEMEX by 6.1% during the 4th quarter. Navellier & Associates Inc. now owns 212,431 shares of the construction company’s stock valued at $1,646,000 after acquiring an additional 12,128 shares during the last quarter. Institutional investors own 82.97% of the company’s stock.

CEMEX Stock Performance

Shares of CX traded up $0.02 during mid-day trading on Monday, reaching $7.61. The company’s stock had a trading volume of 1,860,600 shares, compared to its average volume of 6,351,267. The company has a current ratio of 0.78, a quick ratio of 0.51 and a debt-to-equity ratio of 0.54. CEMEX, S.A.B. de C.V. has a 1-year low of $5.67 and a 1-year high of $9.27. The business has a 50-day simple moving average of $8.28 and a two-hundred day simple moving average of $7.87. The stock has a market cap of $11.03 billion, a P/E ratio of 54.36 and a beta of 1.50.

CEMEX (NYSE:CXGet Free Report) last announced its earnings results on Monday, April 29th. The construction company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.13 by $0.04. The business had revenue of $4.14 billion during the quarter. CEMEX had a net margin of 1.28% and a return on equity of 1.82%. During the same period in the previous year, the firm posted $0.15 EPS. As a group, equities research analysts anticipate that CEMEX, S.A.B. de C.V. will post 0.88 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Bank of America downgraded shares of CEMEX from a “buy” rating to a “neutral” rating and set a $9.00 price target on the stock. in a research report on Wednesday, April 24th. The Goldman Sachs Group lifted their price target on shares of CEMEX from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. StockNews.com upgraded shares of CEMEX from a “buy” rating to a “strong-buy” rating in a research report on Friday, April 26th. Barclays lowered CEMEX from an “overweight” rating to an “equal weight” rating and set a $9.00 target price on the stock. in a report on Friday, February 9th. Finally, Royal Bank of Canada began coverage on CEMEX in a report on Tuesday, May 14th. They issued an “underperform” rating and a $9.00 price target for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.46.

Read Our Latest Stock Analysis on CX

CEMEX Company Profile

(Free Report)

CEMEX, SAB. de C.V., together with its subsidiaries, produces, markets, distributes, and sells cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials and services worldwide. The company offers gray ordinary portland, white portland, oil-well, and blended cement products; mortar; and standard ready-mix, architectural and decorative, rapid-setting, fiber-reinforced, fluid-fill, roller-compacted, self-consolidating, pervious, and antibacterial, and other concrete products.

See Also

Want to see what other hedge funds are holding CX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CEMEX, S.A.B. de C.V. (NYSE:CXFree Report).

Institutional Ownership by Quarter for CEMEX (NYSE:CX)

Receive News & Ratings for CEMEX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CEMEX and related companies with MarketBeat.com's FREE daily email newsletter.